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Finance director reports $5.02M surplus; flags state budget provisos and teacher-pay proposals
Summary
Mr. McDowell told trustees the district’s revenues for the period ending Jan. 31 were $40,846,727 versus expenditures of $35,824,069 (a $5,022,658 surplus). He summarized state budget proposals including a $1,500 increase to the starting teacher salary in the House plan and flagged proviso changes that could affect local salary schedules.
At the Feb. 24 Chester County trustees meeting, finance director Mr. McDowell presented the district’s financials and a summary of early state budget signals. He reported revenues of $40,846,727 for the period ending Jan. 31 and expenditures of $35,824,069, leaving a reported positive variance of $5,022,658.
McDowell summarized recent state-level proposals and provisos that…
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